B:Side is able to accept loan applications from businesses that grow, produce, process, distribute or sell products made from hemp and cannabidiol (CBD). In order to understand if your business is consistent with applicable federal laws*, during the application process you’ll need to provide more details about the following:

• Where the CBD is derived from (hemp or marijuana)

• What types of products are being produced and/or sold (e.g., topical products or products to be ingested)

• What health claims, if any, are being made about the product(s)

• Whether all products being produced and/or sold comply with all applicable federal laws and regulations, including those issued by the Food and Drug Administration

We'll also need to collect:

• Documentation to confirm that the hemp you're producing has a delta-9 tetrahydrocannabinol concentration of not more than 0.3 percent on a dry weight basis

• Documentation of the testing protocols your business will follow to ensure that the hemp and any product(s) they extract or produce from will continue to meet the concentration requirements above  

* Agriculture Improvement Act of 2018 (Public Law No. 115-334), Section 297A of the Agricultural Marketing Act of 1946, among others.

B2B Cannabis Businesses

If your business' primary customers are B2B within the cannabis industry, you must demonstrate client diversification and prove that your business could survive if you no longer have cannabis-related customers. It is essential to show these details in order to qualify for a B:Side loan. If your business primarily serves the cannabis industry, we've created a list of industry specific lenders and resources that may be able to help (please see below).

Strictly Cannabis Businesses

Please note that B:Side is unable to accept applications from cannabis-related businesses. For cannabis businesses in need of resources and industry specific lenders, please explore the following:

• Dynamic Alternative Finance specializes in sourcing equipment, real estate and working capital loans for marijuana businesses and alternative industries.

• Ganja Capital Advisors - specializes in tailored financial solutions for cannabis businesses, their owners and employees.

• Suite 420 Solutions - providing short term and long term financing for cannabis industry businesses.

• State of Colorado Cannabis Business Office - created new economic development opportunities, local job creation, and community growth for Colorado’s diverse population.

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